Answered By: Edward Bilodeau
Last Updated: Oct 07, 2016     Views: 59

Typically you won't be able obtain prices for component parts of a product.

To estimate the variable costs of a product use the Financial Performance Data Tool

This website provides figures on what % of revenue goes to particular costs in different industries (e.g. rent, insurance etc). It also provides an average “gross margin” (a relative measure of profitability or profit margin). 

To use this tool you’ll need to know the NAICS (North American industry Classification System) for your industry.

Related Topics

    Contact us

    Michael Groenendyk
    Librarian, Entrepreneurship

    Michael David Miller
    Librarian, Management and business, Career and Professional Development - Continuing Studies


    See also: